December 22, 2016 / 5:57 AM / 7 months ago

BRIEF-Mologen to launch convertible bond, aggregate value of up to EUR 4.99 mln

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Dec 22 (Reuters) - Mologen AG :

* Said on Wednesday: public rights offering of a convertible bond with purchase guarantee by major shareholder amounting to 60 percent

* Bonds are to be offered to existing shareholders by way of a prospectus-exempt public rights offering

* Global Derivative Trading GmbH ("GDT"), the major shareholder of MOLOGEN AG, made a binding commitment to the company to purchase at least 299,999 partial bonds in total - representing around 60 percent of the convertible bond 2017/2025

* Issue volume: 4.99 million euros ($5.21 million), maturity of 8 years

* Conversion price set at 1.60 euro; coupon of 6 percent p.a.

* Expected subscription period: Dec. 28, 2016 to Jan. 13, 2017 Source text for Eikon: Further company coverage: ($1 = 0.9583 euros) (Gdynia Newsroom)

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